S&P assigns Aetna notes A-

Standard & Poor's said it assigned its A- senior unsecured debt rating on Aetna Inc.'s proposed $500 million notes maturing in 2018.

Aetna will use the proceeds to repay commercial paper borrowings, the agency said, adding that Aetna has indicated its target for debt leverage (unadjusted) is up to 30% as a percentage of total capital.

This debt leverage is within S&P's range for the rating and is supported by a strong balance sheet and interest coverage.

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